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||||||||Page|
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|Trustees'
annual
report (incorporating|||the|directors'|report)|||
|Independent
auditor's|report to|the members|||||10|
|Statement of financial|activities|(including||income and expenditure||account)|14|
|Balance sheet||||||||
|Notes to the financial|statements|||||||
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|Year en|ded 31 Dece|mber 2020|||||
|---|---|---|---|---|---|---|
|Principal|staff|David Drewery|(Executive||Director)||
|||Charles
Keidan|(Executive Editor)||||
|Bankers||Barclays Bank pic|||||
|||PO Box32016|||||
|||London|||||
|||NW1 2ZH|||||
|Company|secretary|David Drewery|(appointed||14January 2021)||
|Auditor||Lovewell Blake|LLP||||
|||Chartered
accountants||& statutory||auditor|
|||Bankside 300|||||
|||Peachman
Way|||||
|||Broadland
Business Park|||||
|||Norwich|||||
|||NR7 OLB|||||
|Solicitors||Bates Wells & Braithwaite|||London|LLP|
|||2-6 Cannon Street|||||
|||London|||||
|||EC4M 6YH|||||
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|Company
Limited|by Guarantee||||
|---|---|---|---|---|
|Trustees'
annual|report (incorporating
the|directors'|report)|(conUnued)|
|Year ended 31 December 2020|||||
|Structure,
governance|and management
(controvert)||||
|Trustees and Members|ofthe Board||||
|Axefie Davezac|Fondation
de France||||
|Philippe Jannet|||||
|Elizabeth
McKeon|Ikea Foundation||||
|Felix Oldenburg|German Association|of Foundations|||
|Stefan Schaefers|King Baudouin
Foundation||||
|Joel Toner|Non Profit Quarterly||||
|Walter Veirs|Charles Stewart
Mott|Foundation|||
|Nienke Venema|Democracy
& Media|Foundation|||
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||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Totalfunds|Total funds|
||||Note|6|6|6|F|
|Income snd endowments||||||||
|Donations
and legacies
Charitable
activities
Investment
income|||5
6
7|248,381
165,293
501|8,339|256,720
165,293
501|142,530
166,364
760|
|Total income||||414,175|8,339|422,514|309,654|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Raising funds
Charitable
activities|||8
9|3,126
302,565|6,104|3,126
308,669|3,034
260,193|
|Total expenditure||||305,691|6,104|311,795|263,227|
|Net income and net movement||in funds||108,484|2,235|110,719|46,427|
|Reconciliation
offunds||||||||
|Total funds
brought|forward|||158,334||158,334|111,907|
|Total funds carried|forward|||266,818|2,235|269,053|158,334|
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||||Note|2020
6||f|2019||
|---|---|---|---|---|---|---|---|---|
|Current assets|||||||||
|Debtors
Cash at bank and|in|hand|15|68,449
252,689||23,596
142,516|||
|||||321,138||166,112|||
|Creditors: Amounts||falling due within|||||||
|one year|||16|(52,085)||(7,778)|||
|Net current assets|||||269,053|||158,334|
|Total assets less|current liabilities||||269,053|||158,334|
|Net assets|||||269,053|||158,334|
|Funds ofthe charity|||||||||
|Restricted funds|||||2,235||||
|unrestricted
funds|||||266,818|||158,334|
|Total charity funds|||19||269,053|||158,334|
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|Donations
and legacies|||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds
f|Funds
f.|2020
f|
|Donations|||||
|Donations||436||436|
|Grants|||||
|Charles Stewart
Mott Foundation||38,373||38,373|
|King Baudouin
Foundation||16,291||16,291|
|Adessium
Foundation
Fondation
de France||12,267
11,180|2,235|12,267
13,415|
|The William and Flora Hewlett|Foundation|11,242||11,242|
|Robert Bosch Stiftung
Calouste
Gulbenkian||88,145
13,183||88,145
13,183|
|Conrad
Hilton Foundation|||6,104|6,104|
|Bernard
van Leer Foundation|||||
|Oak Foundation||57,264||57,264|
|||248,381|8,339|256,720|
|||Unrestricted|Restricted|Total Funds|
|||Funds
f|Funds
f|2019
f|
|Donations|||||
|Donations||1,327||1,327|
|Grants|||||
|Charles Stewart
MoN Foundation||39,233||39,233|
|King Baudouin
Foundation||16,807||16,807|
|Adessium
Foundation
Fondation
de France||26,502||26,502|
|The William and Flora Hewlett
Robert Bosch Stiftung|Foundation|11,234||11,234|
|Calouste
Gulbenkian|||||
|Conrad
Hilton Foundation|||||
|Bernard
van Leer Foundation
Oak Foundation||8,135
39,292||8,135
39,292|
|||142,530||142,530|
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|Charitable
activities|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
f|2020
f|Funds|2019
f|
|Publishing
Subscriptions
Sponsors subscriptions|14,029
35,054
79,385|14,029
35,054
79,385|6,490
39,469
89,543|6,490
39,469
89,543|
|Advertising
Single copy sales|22,333
3,391|22,333
3,391|24,004
5,183|24,004
5,183|
|Event income|11,101|11,101|1,675|1,675|
||165,293|165,293|166,364|166,364|
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|Investment
income|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
F|2020
f|Funds
f|2019
f|
|Bank interest receivable|501|501|760|760|
|Raising funds|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
f|2020
f|Funds
f|2019
f|
|Wages and salaries|3,126|3,126|3,034|3,034|
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|||Magazine|Publishing||
|---|---|---|---|---|
|||Costs|Costs|Total2020|
|||E|||
|Staff costs||205,169|1,851|207,020|
|Property costs
Other costs
Governance
costs||9,600
76,706
5,700|9,343
300|9,600
86,049
6,000|
|||297,175|11,494|308,669|
|||Magazine|Publishing||
|---|---|---|---|---|
|||Costs|Costs|Total 2019|
|Staff costs
Property costs
Other costs
Governance
costs||K
176,337
9,600
64,005
3,220|6
3,034
3,827
170|8
179,371
9,600
67,832
3,390|
|||253,162|7,031|260,193|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||8|6|
|Independent
examination
Accounts
preparation
Audit|||||1,100
4,900|2,330
1,060|
|||||||3,390|
|Net income|||||||
|Net income is stated after charging/(crediting):|||||||
||||||2020
E|2019
f|
|Operating
lease rentals
Independent
examiner's
Independent
examiner's
Auditor
remuneration|remuneration
remuneration:|Independent
examination
Accounts
preparation|||9,600|9,600
2,330
1,060|
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|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|E|
|Fees|payable|for|the|audit|ofthe|financial|statements|6,000||
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|Staffcos|ts|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed as follows:||
|||||2020|2019|
|||||E|6|
|Wages and salaries
Social security costs||||185,540
15,504|160,590
13,672|
|Employer|contributions|to pension|plans|9,102|8,143|
|||||210,146|182,405|
|The average
number of full time equivalent
em|ployees
during
the year was as follows:||
|---|---|---|
||2020|2019|
||No.|No.|
|Raising funds|0.3|0.1|
|Magazine|4.4|3.9|
|Publishing|0.1|0.1|
|Total|4.8|4.1|
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|||2020|2019|
|---|---|---|---|
|Other|debtors|68,449|23,596|
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|16.|Creditors: Amounts
falling due within one year|||
|---|---|---|---|
|||2020|2019|
||Accruals and deferred
income
Social security and other taxes|46,607
5,328|3,390
4,149|
||Other creditors|150|239|
|||52,085|7,778|
|17.|Deferred income|||
|||2020|2019
f|
||At 1 January 2020
Amount released to income
Amount
deferred
in year|40,607|26,502
(26,502)|
||At 31 December 2020|40,607||
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|Unrestricted
funds||||||
|---|---|---|---|---|---|
||||||At|
||At 1 Jan 2020
F|income
f|Expenditure
E|Transfers
f|31 Dec 2020
6|
|General funds|134,942|414,175|(292,299)|(106,600)|150,218|
|New database|10,000||(10,000)|||
|Strategic development|10,000||||10,000|
|Digital editor|3,392||(3,392)|||
|IT support||||1,200|1,200|
|Anniversary
activities||||15,000|15,000|
|Robert Bosch Stiftung||||||
|Fund||||70,400|70,400|
|Website development||||20,000|20,000|
||158,334|414,175|(305,691)||266,818|
||||||At|
||At 1 Jan 2019
f|Income
f|Expendituref|Transfers
6|31 Dec 2019
f|
|General
funds|111,907|309,654|(263,227)|(23,392)|134,942|
|New database||||10,000|10,000|
|Strategic development||||10,000|10,000|
|Digital editor||||3,392|3,392|
|IT support||||||
|Anniversary
activities||||||
|Robert Bosch Stiftung||||||
|Fund||||||
|Website development||||||
||111,907|309,654|(263,227)||158,334|
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|Restricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
|||||||||At|
||||At 1|Jan 2020
6|Income
E|Expendituref|Transfers
E|31 Dec 2020
E|
|Climate coverage||fund|||2,235|||2,235|
|Operating|support|fund|||6,104|(6,104)|||
||||||8,339|(6,104)||2,235|
|||||||||At|
||||At 1|Jan 2019
6|Income|Expenditure
E|Transfers
f|31 Dec2019
6|
|Climate coverage||fund|||||||
|Operating|support|fund|||||||
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|An
As|alysis of net assets between
at 31 December 2020|funds||||
|---|---|---|---|---|---|
|||Unrestricted-||||
|||General|Designated|Restricted
f|Total funds
f|
|Net|current assets|150,218|116,600|2,235|269,053|
|As|at 31 December 2019|||||
|||Unrestricted-||||
|||General
8|Designated
5|Restricted
E|Total funds
f|
|Net|current assets|134,942|23,392||158,334|
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